JAKKS Pacific (NASDAQ:JAKK) Earns Buy Rating from Analysts at B. Riley

B. Riley initiated coverage on shares of JAKKS Pacific (NASDAQ:JAKK) in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $37.00 price target on the stock.

JAKK has been the subject of several other research reports. StockNews.com lowered shares of JAKKS Pacific from a buy rating to a hold rating in a research note on Monday, August 5th. Small Cap Consu raised shares of JAKKS Pacific to a strong-buy rating in a research note on Tuesday, July 16th. Finally, Maxim Group started coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They issued a buy rating and a $46.00 price objective for the company. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $40.33.

JAKKS Pacific Stock Up 4.8 %

Shares of NASDAQ:JAKK opened at $24.96 on Tuesday. The firm has a fifty day moving average of $21.88 and a two-hundred day moving average of $20.96. The firm has a market capitalization of $269.59 million, a P/E ratio of 9.18 and a beta of 2.34. JAKKS Pacific has a 12-month low of $15.30 and a 12-month high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). JAKKS Pacific had a net margin of 4.29% and a return on equity of 14.36%. The company had revenue of $148.62 million for the quarter, compared to analyst estimates of $162.42 million. Equities research analysts expect that JAKKS Pacific will post 2.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Lawrence I. Rosen bought 10,088 shares of the business’s stock in a transaction on Friday, June 21st. The stock was purchased at an average price of $17.58 per share, with a total value of $177,347.04. Following the transaction, the insider now directly owns 1,885,672 shares in the company, valued at $33,150,113.76. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JAKK. AQR Capital Management LLC increased its holdings in shares of JAKKS Pacific by 75.9% during the 2nd quarter. AQR Capital Management LLC now owns 269,948 shares of the company’s stock worth $4,835,000 after purchasing an additional 116,519 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of JAKKS Pacific by 29.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 444,488 shares of the company’s stock worth $7,961,000 after purchasing an additional 102,155 shares during the period. LSV Asset Management increased its holdings in shares of JAKKS Pacific by 40.3% during the 1st quarter. LSV Asset Management now owns 212,380 shares of the company’s stock worth $5,246,000 after purchasing an additional 60,977 shares during the period. Pacific Ridge Capital Partners LLC increased its holdings in shares of JAKKS Pacific by 56.1% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 119,667 shares of the company’s stock worth $4,254,000 after purchasing an additional 43,009 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of JAKKS Pacific during the 4th quarter worth about $1,355,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.